HUL works to create a better future every day and helps people feel good, look good and get more out of life with brands and services that are good for them and good for others.
With over 35 brands spanning 20 distinct categories such as soaps, detergents, shampoos, skin care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream, and water purifiers, the Company is a part of the everyday life of millions of consumers across India. Its portfolio includes leading household brands such as Lux, Lifebuoy, Surf Excel, Rin, Wheel, Glow & Lovely, Pond’s, Vaseline, Lakmé, Dove, Clinic Plus, Sunsilk, Pepsodent, Closeup, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall’s and Pureit.
The Company has about 21,000 employees and has sales of INR 38,273 crores (the financial year 2019-20). HUL is a subsidiary of Unilever, one of the world’s leading suppliers of Food, Home Care, Personal Care and Refreshment products with sales in over 190 countries and an annual sales turnover of €52 billion in 2019. Unilever has over 67% shareholding in HUL.
VACANCY DETAILS :-
The Global Tax function has launched the Future of Tax (FOT) transformation project under the Digital Finance umbrella. As part of the Future of Tax project, compliance work related to direct tax, indirect tax, withholding tax and transfer pricing which will be done by Business and Supplier Operations Team, under a new target Operating Model (TOM). The new TOM will involve tax process to be performed across Global Tax team, Country Tax Team, UniOps and 3rd party consultant (Big 4s).
The UniOps team is envisioned to be the central tax data organization with the responsibility to deliver good quality data. The team has to manage tax data in order to improve the efficiency of the tax operations in a cost-effective manner.
UniOps vision is to build an externally benchmarked, world class Tax Data COE which delivers End to End high-quality, accurate financial information for effective decision making and meeting regulatory requirements.
Guiding Principles for project success
Drive value by freeing up space within Tax (through effective partnering) to focus on strategy
Global, standardized, simplified and efficient tax process model
Flexible, agile and Future Fit sustainable operations
Ownership mindset with passion for high performance
Key Requirements of the Role
Collecting / querying / consolidating information from accounting / ERP systems (SAP)
Managing financial data with focus on hygiene of master data and transactional data
Reconciliation and analysis of data
Check sample high value documents checks on tax data being extracted. Check for accuracy and allowance of expenses for tax deduction
Monthly/quarterly calculation of VAT and preparation of VAT returns for various countries across the globe
Annual preparation of Corporate Income Tax packs of various countries across the globe
Post tax related entries in the books of accounts, after sign off from country tax team
Ensure tax related payments happen to government / tax authorities as per the timelines in respective countries.
Ensure tax related controls and compliance are met as per the Unilever control framework
Prepare and maintain detailed documentation/files on monthly basis related to direct tax reporting. .
Provide documentation / data support on the audit queries raised with analysis performed
Archiving of documents of all the direct tax related activities from data extraction till filings in company dedicated folders as per ITGC & audit requirements.
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